Jordan Signs MOU For $1.25Bn UAE Grant

The UAE and Jordan on 22 January signed a memorandum of understanding (MOU) to regulate the disbursement of the $1.25bn grant extended to Jordan over a period of five years. This is being provided under the GCC $5bn grant pledged by Saudi Arabia, Kuwait, Qatar and the UAE, which are providing $1.25bn apiece.

The grant will be managed by the Abu Dhabi Fund for Development (ADFD) on behalf of the UAE and will...